Scam Value: Rs.20,000/-
* May 10, 2012 - Very detailed and in-depth article published in currentnews.in
* April 7, 2012 - the District Judge at Gangktok, Tashi Wangdi, issued an order that said the Government of Sikkim does not own even a single share in Teesta Urja Limited (TUL), which is developing the Rs 6,000 crore 1,200 Mega Watt Teesta Stage III Hydro Electric Project and is supposed to be “under joint sector with the Government.”
* August 14, 2007 - TUL, with the timely aid from white knight REC (Rural Electrification Corporation), was able to achieve financial closure
* January 2007 - AGPL (Asian Genco Pte. Ltd.) incorporated in Singapore
* May 12, 2006- TUL was given the TEC (Techno Economic Clearance - issued by the Central Electricity Authority, which comes under the MoP (Ministry of Power)), even though for all practical purposes it did not qualify for the TEC
* January 17, 2006 - The equity subscription agreement should have been drawn up and executed by. It is now known that this has not yet been done
* July 18, 2005 - TUL and GoS had signed and executed a Memorandum of Understanding agreement
* June 2004 - A high-powered committee was set up that included the Chief Secretary, two Additional Chief Secretaries, Principal Secretary Finance, Environment Secretary and the Power Secretary. This committee was to “examine the proposals received from all concerned for Teesta Stage I, II, III, IV, VI and other mini and micro Hydel Projects” and submit a recommendation with the “objective of securing the target of the State Government to produce 3,000 MW power by the year 2007.” The top brass of GoS was given a deadline of just 15 days.
* May 2004 - Pawan Chamling and his party the Sikkim Democratic Front returned to power with a thumping majority
* September 2003 - The Administration Staff College of India had prepared the draft private power policy for Sikkim (which, to date has not been notified). Later, all this was junked as Chamling wanted to move fast.
###TO BE UPDATED...###
* May 10, 2012 - Very detailed and in-depth article published in currentnews.in
* April 7, 2012 - the District Judge at Gangktok, Tashi Wangdi, issued an order that said the Government of Sikkim does not own even a single share in Teesta Urja Limited (TUL), which is developing the Rs 6,000 crore 1,200 Mega Watt Teesta Stage III Hydro Electric Project and is supposed to be “under joint sector with the Government.”
* August 14, 2007 - TUL, with the timely aid from white knight REC (Rural Electrification Corporation), was able to achieve financial closure
* January 2007 - AGPL (Asian Genco Pte. Ltd.) incorporated in Singapore
* May 12, 2006- TUL was given the TEC (Techno Economic Clearance - issued by the Central Electricity Authority, which comes under the MoP (Ministry of Power)), even though for all practical purposes it did not qualify for the TEC
* January 17, 2006 - The equity subscription agreement should have been drawn up and executed by. It is now known that this has not yet been done
* July 18, 2005 - TUL and GoS had signed and executed a Memorandum of Understanding agreement
* June 2004 - A high-powered committee was set up that included the Chief Secretary, two Additional Chief Secretaries, Principal Secretary Finance, Environment Secretary and the Power Secretary. This committee was to “examine the proposals received from all concerned for Teesta Stage I, II, III, IV, VI and other mini and micro Hydel Projects” and submit a recommendation with the “objective of securing the target of the State Government to produce 3,000 MW power by the year 2007.” The top brass of GoS was given a deadline of just 15 days.
* May 2004 - Pawan Chamling and his party the Sikkim Democratic Front returned to power with a thumping majority
* September 2003 - The Administration Staff College of India had prepared the draft private power policy for Sikkim (which, to date has not been notified). Later, all this was junked as Chamling wanted to move fast.
###TO BE UPDATED...###
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